Trading CPI Gone Wrong??. #forextrading #cpi #trading
Credit: @iamaries454 on Tiktok Trading the consumer price index (CPI) news gone wrong. source
Technical outlook favours further decline in the near term as bears push down
The NZD/JPY pair has been in a downtrend, declining in four of the last six sessions. The RSI is oversold and has a declining slope, indicating
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NASDAQ and S&P indices end the week with five straight days of gains
The major US stock indices closed the day with gains. The NASDAQ and the S&P had a perfect week with five straight winning days. The
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US Dollar declines on weak labor and inflation data
Weak labor data led to a decline in the US Dollar during Thursday session. Initial Jobless Claims remained at 230K, indicating a persistent labor market.
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NASDAQ index back above its 100 day moving average
The NASDAQ index fell -238.04 point at session lows today. It is now flipped that decline and transact 244.18 points or up 1.43% at 17269..